2. What Are the Preparer's Tax Preparation Credentials?

There is a sea of credentials upholding people who prepare taxes. A CFP or certified financial planner has passed a certification exam to prepare taxes. When considering a CFP, the key is to ask if their experience includes actual tax returns or just tax planning. A CPA or certified public accountant is state-certified to honor a code of ethics in their practice. They focus on auditing, business valuation, financial planning, accounting or technology consulting. The IRS trains enrolled agents or EAs, noncredentialed Annual Filing Season Program participants or AFSPs, and Volunteer Income Tax Assistance agents.

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